Posts Tagged ‘Barbarous Relic’

Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt. Judging from the constant onslaught of anti-gold propaganda, and the relatively small percentage of Americans owning or knowing anything about gold, these lies have done their damage.

Gold is the everyman’s way to save. A barbarous relic that went up drastically in dollar terms between 2000 and 2011. It holds its value over the long term. As such, it’s a hedge against the ever-falling value of the dollar. As an homage to the yellow metal, we present you with 81 quotes worth their weight in gold. We hope you enjoy them…

The rupee is losing ground against the dollar by around 9% per year. Indian price inflation runs at around 9% per year as well. Yields are clearly too low to maintain purchasing power. Without rising asset prices, stocks and real-estate fail to protect purchasing power. This leaves gold as an alternative destination for savings.

You can put yourself on a personal gold standard just by buying gold. In other words, if you think that the value of paper money will be in some jeopardy, or confidence in paper money may be lost, one way to protect yourself is by buying gold, and there’s nothing stopping you.

Asia’s love affair with gold became worldwide news when the price of the yellow metal dropped in April – Instead of more capital flowing into gold, it was the gold itself which was seen flowing from Western financial institutions to Eastern households.